- A whale’s purchase of 51.2 Ethereum triggered a 150% increase in Doginme’s price.
- Doginme’s price surged from $0.00038951 to $0.00078256 in just a 24-hour period.
- Coinbase’s roadmap announcement has driven some strong market momentum for Doginme.
In an unexpected move that has shaken the cryptocurrency market, the Doginme token (DOGINME) has witnessed a dramatic surge of more than 150% in a single day. On March 14, 2025, a trader whose identity remains undisclosed made a huge purchase, acquiring a staggering 254.66 million DOGINME tokens worth approximately 51.2 ETH (equating to $97.7K). The transaction was made possible by a new wallet, triggering a sharp rise in the token’s value within hours according to data from Lookonchain.
This move follows Coinbase’s announcement earlier that day, which integrated Doginme into its roadmap, fueling market speculation and boosting investor confidence. The analyst from Lookonchain shared this data on Twitter, detailing the whale’s actions and their impact.
Massive Price Surge Following Whale’s Purchase
At the time of purchase, the whale snagged for DOGINME around the measly price of $0.00038951 per token, however, with market changes, the price surged to $0.00078256, increasing 92.39% within 24 hours, trading double the value that it was. With the spike, the token signified high investor interest and amplified market volatility.
The visual representation in the chart reveals the steep price incline, which began to gain traction shortly after the whale transaction was made public. Notably, the trader’s actions also led to an unrealized profit of $108K, a staggering 110% increase from the original investment, further underlining the impact of the whale’s strategic purchase.
Related: Ethereum Faces Bearish Risk: Will It Drop to $1,000?
The Catalyst: Coinbase Announcement and Whale Activity
What’s fascinating is the perfect storm of events that led to this surge. It wasn’t just the whale’s action that pushed DOGINME upward. The step taken by Coinbase acted as a catalyst, driving excitement and speculation in the market. The token’s price movement now seems to reflect a newfound investor optimism, as traders eagerly eye further developments surrounding Doginme’s integration into the Coinbase roadmap. The data shared by Lookonchain reveals that this was not a random fluctuation but a well-coordinated effort by a large player, capitalizing on market sentiment.
